Best Trading Apps UK

Based in the UK and looking for a trading app that allows you to buy and sell assets on the move? Read our guide to the best UK trading apps for 2020.
Kane Pepi
Author: Kane Pepi
Last Updated: 17 June 2020

If you’re based in the UK and you wish to buy and sell assets on your mobile, you will need to use an online broker that offers a fully-fledged trading app. Such apps are typically available on both Android and iOS devices, and you can access all of the same features that you would find on the main desktop version of the site. But how do you find the best trading app for you?

In this article, we review the best five UK trading apps of 2020. We also provide some handy tips on what you need to look out for when choosing a new mobile broker, so that you can find the right trading app for you.

What are Trading Apps?

In a nutshell, free stock trading apps allow you to buy and sell financial investments from the comfort of your mobile device. They are usually offered by established online stock brokers and are free to download, meaning that you have the option of trading via the platform’s main desktop site or mobile app.

This gives you the best of both worlds, as you can perform in-depth technical analysis via a larger desktop screen while having the option of opening or closing a trade at the click of a button via your phone.

In order to gauge whether or not a UK trading app is right for you, there are a number of factors that you need to look out for. This includes the types of assets the trading app supports, payment methods, spreads, commissions, and user-friendliness, among other factors. The most important thing is to ensure your chosen trading app is regulated by the UK’s FCA, as this ensures safety and security.

Crucially, the overarching benefit of obtaining an investment app is that it gives you the flexibility of placing a trade at all times. For example, imagine being out of the house of finding out that one of your stock investments had just reported major losses for the prior quarter. If you didn’t have access to a trading app on your phone, you wouldn’t be able to quickly exit your position and you’d therefore likely lose even more by the time you get back to your desktop device.

What are the Advantages of Using a UK Trading App?

Still not convinced about the benefits of using a mobile trading app? If so, check out the following advantages.

  • Never miss a trading opportunity again: Mobile trading apps ensure that you never miss a trading opportunity again, as you can trade whenever, wherever, all from the palm of your hand. This is especially the case if you are a short-term trader, as you’ll know first-hand that certain trades need to be placed immediately in order to capitalize.
  • Exit losing trades immediately: At the other end of the spectrum, mobile trading apps ensure that you can exit a losing trade at the click of a button. This is crucial in the event an investment is crashing rapidly.
  • Fully optimized: The best trading apps are built for your mobile device’s specific operating system, whether you’re using a smartphone or tablet. By this, we mean that you will enjoy a seamless trading experience without being hindered by a smaller trading screen.
  •  Check your portfolio with ease: Seasoned traders make a habit of checking their portfolio of investments on a regular basis. This has never been easier with the development of trading apps, as you can check the value of your investments in seconds.
  • Notifications and Alerts: Mobile trading apps are perfect for being in know-how at all times. At the forefront of this is the ability to set up and receive instant notifications on your chosen assets. This might be an alert that notifies you when an asset hits a certain price, or when your stop-loss order is about to be triggered.

Best UK Trading Apps of 2020

To help you find the right app for you, we’ve reviewed many trading apps and have picked out the following platforms as the top five UK trading apps of 2020. All of our recommended brokers are strictly regulated and allow you to easily deposit and withdraw funds with a debit/credit card or UK bank account. You will then have access to thousands of assets at your fingertips, including cryptocurrencies, forex, shares, commodities and more.

1. eToro - Best All-Round UK Trading App

eToro is an online trading platform that is now home to over 12 million users. Whether you decide to use the broker's desktop website or mobile trading app, you'll will have access to thousands of financial instruments. This includes traditional ownership on more than 800 stocks and over 145 ETFs. You can also buy and sell 16 leading cryptocurrencies without paying any trading commissions.

If it's CFDs that you are more interested in, you can trade everything from indices, hard metals, energies, interest rates, and funds. CFDs at eToro also come with the capacity to short-sell and apply leverage, which is perfect if you're looking to day trade. The mobile app is available on both iOS and Android devices, and if you have an alternative operating system you can trade via your mobile web browser.

The eToro mobile trading app gives you all of the same features as found on the main desktop site, including its famous CopyTrader feature. This allows you to mirror the positions of top traders, which is an excellent way to learn the markets. For example, if you come across a successful stock trading investor that has a long-standing record of making gains, you can copy their entire portfolio at the click of a button, which makes eToro one of the top trading apps for beginners.

You can deposit and withdraw funds with a debit/credit card, UK bank account, or e-wallet such as PayPal. Minimum deposits start at $200 (about £160), and there is no charge to deposit funds into your account. You will, however, need to pay a small conversion fee when you deposit funds with GBP, as eToro denominates all account balances in USD.

There's also the eToro cryptocurrency wallet app, which provides a secure way to store your coins. Finally, it is important to note that eToro is heavily regulated. Not only does this include a license with the UK's FCA, but regulators in Australia and Cyprus, too.

Assets: Cryptocurrencies, Stocks, CFD, Forex, ETFs, Commodities

Demo Account: Yes

Educational Material: Great educational material for both beginners and advanced traders

Fees: $5 Withdrawal Fee, $5 Inactivity Fee, No Account Fee, No Deposit Fee, 0.5% currency conversion fee (average)

Minimum deposit: $200 (£160)

MT4/MT5: No

Special Features: Copy trading and social trading site

Regulation: CySEC, FCA, ASIC

Payment methods: Credit/debit card, Paypal, Sofort, Rapid transfer, Skrill, Wire transfer, Neteller, WebMoney, UnionPay

Our rating

  • Social trading leader
  • Best mobile trading site
  • Paypal accepted
  • Limited technical analysis tools
  • Not well-suited for the more advanced investor
75% of retail investors lose money when trading CFDs with this provider

2. Plus500 - Trade Thousands of CFDs via Your Trading App

Plus500 is a UK-based CFD broker that hosts every asset type imaginable. This includes more than 2,000 stocks, as well as bonds, commodities, and interest rates. The broker is also notable in the indices department, as it offers a lot of markets in emerging nations. Through its mobile trading app, which is compatible with both Androids and iPhones, you will be able to trade CFDs on the move without paying a single pence in commission.

Instead, Plus500 makes its money via the spread. This is perfect if you find yourself trading larger volumes, as you'll be able to keep your investment costs to a minimum. In terms of accessing leverage, Plus500 limits fall in line with that of ESMA. This means that you'll get anywhere from 2:1 to 30:1, depending on the asset class you are trading. Regulation-wise, Plus500 is licensed by the FCA, ASIC, CySEC, and MAS.

This broker's parent company is listed on the London Stock Exchange, so it's certainly a reliable platform. If you do like the sound of the Plus500 mobile trading app, you can get started with a minimum deposit of just £100. Supported payment methods include a UK bank transfer, debit/credit card and Paypal. There are no fees to deposit or withdraw funds on this platform.

Assets: CFDs

Demo Account: Yes

Educational Material: No

Fees: $10 Inactivity Fee, $0 withdrawal fees

Minimum deposit: £100

MT4/MT5: No

Special Features: 2,000 trading instruments

Regulation: CySEC, FCA, ASIC, MAS

Payment methods: Credit/debit card, Paypal, Bank transfer

our rating

  • Minimum deposit of £100
  • Over 2,000 trading instruments
  • Mobile app available
  • No education material
  • Not suitable for beginners
75% of retail investors lose money when trading CFDs with this provider.

3. Libertex – Best for Low Minimum Deposits and Zero Spreads

Launched in 1997, Libertex is an online broker that specializes exclusively in CFDs. Unlike eToro and Plus500, Libertex is a bit thin on the ground in the asset department. By this, we mean that you will only have access to a few hundred instruments. You will, however, be able to buy and sell heavily traded assets like blue-chip stocks, indices, cryptocurrencies, and commodities.

Crucially, Libertex makes our list of the best UK trading apps for its super-low deposit requirements. At just $10 (about £8), this is ideal if you are just starting out in the world of mobile trading and wish to begin with micro-stakes. What we also like about Libertex is that is one of the few brokers in the space to not charge any spreads.

This means that you will always get the real-time market price. You will need to pay a commission when you open and close a position, but this starts at just 0.03%, which is very competitive. The Libertex mobile trading app is available for free on both OS and Android devices. Supported payment methods include debit/credit cards and a number of e-wallets.

Assets: CFDs

Demo Account: Yes

Educational Material: Some, but nothing extensive

Fees: No spreads charged, trading commission from just 0.03%

Minimum deposit: $10 (£8)

MT4/MT5: MT4

Special Features: Mobile trading via MT4 without paying any spreads

Regulation: CySEC

Our Rating

  • Minimum deposit of just $10 (£8)
  • Deposit funds with a debit/credit card
  • Zero spreads on all assets
  • Number of financial instruments is somewhat limited
  • Limited educational resources

4. AvaTrade - Mobile Trading via MT4 and MT5

If you're a seasoned trader that has a strong preference for the MetaTrader platform, look no further than AvaTrade. Not only does the online broker offer both MT4 and MT5, but you'll be able to access these platforms via the AvaTrade app. Available on both Android and iOS devices, the app gives you access to a wealth of advanced chart reading tools and technical indicators.

You can also customize your mobile trading screen however you see fit. In terms of what you can trade, AvaTrade hosts thousands of financial instruments across most asset classes. This covers a suite of stocks, indices, commodities, and even cryptocurrencies, all in the form of CFDs. Leverage and short-selling is available on all markets, and spreads are super-competitive.

In fact, you can trade major currencies from just 0.9 pips. Major indices are even more favourable, with spreads starting at just 0.5 pips. When it comes to getting money into your AvaTrade mobile app, the platform supports debit/credit cards and bank transfers. It's best to opt for the former, not least because your deposit will be credited instantly. Minimum deposits start at $100, which is about £80.

Assets: Forex, thousands of CFDs, cryptocurrencies

Demo Account: Yes

Educational Material: No fundamental news or trading ideas, but trading calculator provided

Fees: 0.9 pips on most major pairs, no withdrawal fee, monthly inactivity fee

Minimum deposit: $100

MT4/MT5: Both

Special Features: Pricing alerts and notifications

Regulation: Licenses in Ireland, Japan, South Africa, British Virgin Islands

Payment methods: Credit/debit card, Bank wire

Our rating

  • Spreads from just 0.9 pips
  • Multiple licenses
  • Both MT4 and MT5 supported
  • No research features
  • Does not offer 2FA login
  • Only 56 forex pairs supported

5. 24 Option - Spreads From 0.2 Pips on Major Forex Pairs

Last but not least on our list of the best UK trading apps for 2020 is 24Option. The regulated broker offers some of the most competitive trading fees in the space. For example, not only can you trade major forex pairs from just 0.2 pips, but commissions are very low, too. The mobile trading app offered by 24option allows you to buy and sell assets via its own proprietary platform or MT4.

Regardless of which platform you opt for, the app allows you to set up handy pricing notifications. For example, let's say that you want to trade EUR/USD when the price hits 1.134. If and when this is triggered, you'll get an instant notification in real-time. By clicking it, you will be taken straight to the respective trading screen, subsequently allowing you to place an order in seconds.

In terms of payments, 24Option supports a mix of debit/credit card, bank transfers, and e-wallets. With that said, you will need to pay 3.5% on credit card withdrawals, and 2% with Skrill. This is a bit excessive, so it might be best to use an alternative payment option. Finally, Plus500 has integrated the Trading Central platform on its app, meaning you will have access to fundamental and technical analysis at your fingertips 24/7.

Assets: Forex, CFDs in the form of stocks, indices, commodities, cryptocurrencies

Demo Account: Yes

Educational Material: Trading Central's research tool

Fees: 0.2 pips on major pairs like GBP/USD, a withdrawal fee of 3.5% (credit cards) and 2% (Skrill)

Minimum deposit: $250 (about £200)

MT4/MT5: MT4

Special Features: Free mobile trading app via Google Play and Apple Store

Regulation: CySEC

Payment methods: Credit/debit card, Bank wire

Our Rating

  • Spreads from just 0.2 pips
  • Great forex research tools
  • MT4 supported
  • Minimum deposit of $250 (£200)
  • Does not support Paypal
  • Only regulated by CySEC

How to Choose a UK Trading App

Although we have discussed our top five UK trading apps of 2020, our selections might not necessarily be right for you. If you want to do some further research, keep these factors in mind to ensure you find the best trading app for you.

  • Licensing

Your first priority in your search for the best UK trading app should be finding a regulated platform. Crucially, all of our top five recommendations are heavily regulated, meaning that your money is safe at all times. Whether its the FCA, CySEC, or ASIC, these tier-one licensing bodies require trading apps to store client funds in segregated bank accounts, keeping your money safe. If you come across a UK trading app that isn’t regulated, it’s best to walk away.

  • Tradable Assets

Do you want to buy bitcoin or are you looking for stock trading apps? Maybe you prefer forex or commodities. Whatever your preference, you need to make sure you find an app that offers your chosen tradable assets. You should also consider whether the platform allows you to trade CFDs, buy underlying assets or a combination of both.

  • Compatibility

You will, of course, need to ensure that your chosen UK trading app is compatible with your mobile operating system. In the vast majority of cases, online brokers will only develop trading apps for Android and iOS devices, including both smartphones and tablet.

  • Payments

The best UK trading apps of 2020 offer a range of payment methods to suit different players. While pretty much all apps offer debit and credit card payments, many also offer e-wallet options, such as PayPal, Neteller and Skrill. You’ll need to check your preferred payment method is offered before signing up. 

  • Spreads and Commissions

It’s important for you to understand how much you are going to need to pay to invest at your chosen mobile trading app. Fees are typically split between the spread and commissions. The spread is the difference between the buy and sell price of an asset and the wider the spread, the more you will pay.

In the case of trading commission, this will be charged as a percentage against the value of your trade. For example, a 0.5% commission on a £1,000 trade would cost you £5. With that said, the likes of eToro charge no trading commissions at all if you go long on stocks, cryptocurrencies, or ETFs and you don’t apply leverage.

  • Trading Tools and Research

Irrespective of whether you are a newbie trader or seasoned investor, it’s crucial that you make full use of research tools. In the case of fundamental research, stick with UK trading apps that give you access to key news developments in real-time. Ideally, you’ll receive an alert or notification when this happens on an asset class you are tracking. When it comes to technical analysis, we prefer trading apps that give you access to heaps of chart reading tools.

  • Customer Support

Picture the scene – you’re out of the house and looking to invest in an asset that you believe is about to increase in value in the coming hours. However, you’re having issues getting the trade on. With this in mind, you’ll want to use a trading app that gives you access to customer support in real-time. The easiest way to do this via your mobile is through phone or live chat. As such, check to see what support channels the trading app offers, as well as the support opening hours.

Conclusion

In summary, the UK investment space is now home to heaps of top mobile trading apps. This can, however, make it difficult to know which app for to go with, which is why we’ve helped you out by creating our list of the five best trading apps available in the UK.

If you do want to get started with a mobile trading account today, we would suggest opting for our top-rated broker, eToro. Not only will you be able to open an account in minutes via the iOS/Android app, but you’ll be able to benefit from the innovative CopyTrader tool. Once you’re ready, you’ll then be able to trade a huge range of assets on your mobile.

eToro: Best UK Trading App

Our Rating

  • Social and copy trading tools
  • Wide range of financial instruments
  • £100,000 demo account
70% of retail investors lose capital when trading CFDs with this provider.

FAQs

Are UK mobile trading apps safe?

Yes, but only if your chosen broker is regulated by a tier-one licensing body, such as the FCA. This means your account is secure and your funds are protected.

What is the best investment app for beginners?

If you're just starting out in the world of mobile trading, you'll need to use a broker that tailors their services to newbie traders. At the forefront of this is eToro. Not only is it super-easy to trade, but the platform has a social aspect, meaning you can network with other investors.

What is the best UK mobile trading app?

There is no one-size-fits-all answer to this question, as it really depends on your personal needs. Key metrics to focus on are regulation, fees, payment methods, commissions, and research tools. However, eToro is our pick for the overall best UK trading app.

Are there any free mobile trading apps?

There is no one-size-fits-all answer to this question, as it really depends on your personal needs. Key metrics to focus on are regulation, fees, payment methods, commissions, and research tools. However, eToro is our pick for the overall best UK trading app.

What payment methods do trading apps support?

There is no one-size-fits-all answer to this question, as it really depends on your personal needs. Key metrics to focus on are regulation, fees, payment methods, commissions, and research tools. However, eToro is our pick for the overall best UK trading app.

Kane Pepi

Kane holds academic qualifications in the finance and financial investigation fields. With a passion for all-things finance, he currently writes for a number of publications in the online space.

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eToro: Top UK Trading App with 0% Commission

eToro: Top UK Trading App with 0% Commission

eToro: Top UK Trading App with 0% Commission

Visit eToro

75% of retail investors lose money when trading CFDs with eToro.

eToro: Top UK Trading App with 0% Commission
Visit eToro

75% of retail investors lose money when trading CFDs with eToro.

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